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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 8, 2024

 

CIMG Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   001-39338   38-3849791

(State or other jurisdiction

of incorporation or organization

  

(Commission

File No.)

  

(IRS Employer

Identification No.)

 

107, 6th Floor, Building C4, No.1 Huangchang West Road,

Dougezhuang, Chaoyang District, Beijing

 

(Address of principal executive offices)

 

+ 86 18518579917

Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.00001 par value   IMG   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 8.01 Other Events

 

As previously disclosed, on January 6, 2023, a former employee (the “Plaintiff”) of CIMG Inc. (formerly known as Nuzee, Inc.) (the “Company”), filed a complaint (the “Complaint”) against the Company and another former employee of the Company (the “Supervisor”), in the Superior Court of California, County of San Diego (Case No. 37-2023-00000841-CU-WT-NC). Pursuant to the terms of the Plaintiff’s employment agreement with the Company, on December 22, 2023, the Court compelled the case to arbitration with the American Arbitration Association (case number 01-24-0002-3225) (the “Action”). The Complaint sought damages, penalties, attorney’s fees, and costs and interest.

 

On November 8, 2024, without a finding or admission of wrongdoing, the Company entered into a settlement agreement with the Plaintiff under which the Company agreed to pay a settlement in exchange for mutual general releases and a dismissal of the Action.

 

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  CIMG Inc.
     
Dated: November 19, 2024 By: /s/ Jianshuang Wang
  Name: Jianshuang Wang
  Title: Chief Executive Officer

 

 

 

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Nov. 08, 2024
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Entity File Number 001-39338
Entity Registrant Name CIMG Inc.
Entity Central Index Key 0001527613
Entity Tax Identification Number 38-3849791
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 107, 6th Floor, Building C4
Entity Address, Address Line Two No.1 Huangchang West Road
Entity Address, Address Line Three Dougezhuang
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Title of 12(b) Security Common Stock, $0.00001 par value
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